PICAR DEVELOPMENT, INC., a brainchild of its visionary chairperson, Amb. Amable R. Aguiluz V, is a subsidiary of the AMA Group of Companies, one of the leading Information Technology companies in the Philippines and in Asia. In 2007, the real estate company was formed with a corporate strategy to acquire, develop, and manage iconic and premium real estate projects that are responsive to the ever-changing needs of its target market.